CoinWorld News, analyst Darkfost posted on X platform stating that the current daily Bitcoin closing retracement is 47%, still well below the magnitude of historical bear markets. The record was set in 2012, when the bear market retracement exceeded 90%. Over time, the bear market retracement trend has slightly eased, as seen in the chart where the retracement during the bear phase gradually diminishes. If this pattern continues, it is reasonable to expect the retracement to be in the 60% to 70% range.
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CoinWorld News, analyst Darkfost posted on X platform stating that the current daily Bitcoin closing retracement is 47%, still well below the magnitude of historical bear markets. The record was set in 2012, when the bear market retracement exceeded 90%. Over time, the bear market retracement trend has slightly eased, as seen in the chart where the retracement during the bear phase gradually diminishes. If this pattern continues, it is reasonable to expect the retracement to be in the 60% to 70% range.